Chinese carriers reported CNY2.82 billion ($428 million) in collective net income for the month of January, reversing a collective net loss of CNY50 million in the year-ago month, according to CAAC.
Chinese airlines' aircraft operating at Beijing. Photo: By Rob Finlayson. Chinese carriers reported CNY2.82 billion ($428 million) in collective net income for the month of January, reversing a collective net loss of CNY50 million in the year-ago month, according to CAAC. The regulator credited the turnaround to strong demand growth stimulated by rapid domestic economic expansion. January operating revenue climbed 36.9% to CNY26.74 billion while operating expenses increased ...
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